Editor’s note: This story has been updated to correct a third-quarter earnings estimate for Intel.
Intel Corp (NASDAQ:INTC) shares are down after the company reported its second-quarter financial results Thursday. Here's a look at what to know.
The Details: Intel reported quarterly earnings of 2 cents per share which missed the analyst consensus estimate of 10 cents by 80% and represents a 84.62% decrease from the same period last year.
Quarterly sales came in at $12.83 billion, missing the analyst consensus estimate of $12.94 billion and representing a 0.9% decrease year-over-year. Data Center and AI unit revenue was $3 billion, down 3%, Client Computing Group unit revenue was $7.4 billion, up 9%, and Network and Edge unit revenue was $1.3 billion, down 1%.
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